JCP&L Suspends Summer Shut-Offs as New Jersey Electricity Rates Increase 20%
HOLMDEL, N.J. — A failed state energy plan has resulted in electricity rate increases as high as 20% in New Jersey, thanks to Governor Phil Murphy’s failed clean energy agenda, but one…
U.S. regional banks under pressure to raise deposit rates – analysts
By Tatiana Bautzer NEW YORK (Reuters) – U.S. regional banks are expected to pay higher rates to depositors to keep them from switching to larger lenders, banking analysts said, following the collapse…
ECB goes big on rates but bank turmoil clouds outlook for central banks
LONDON (Reuters) – The European Central Bank on Thursday stuck with plans for a big interest rate increase, keeping up the pace of its monetary tightening to contain inflation even as markets…
Barclays: ECB more likely to hike rates by 25 bps rather than 50 bps or no hike
LONDON (Reuters) – The European Central Bank is more likely to raise interest rates by a modest 25 basis points when it meets on Thursday rather than by 50 bps or make…
Marketmind: Banks rescued, rates recoil, stress builds
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. regulators’ swift weekend action to limit fallout from the failure of Silicon Valley Bank has prompted one…
CERAWEEK-Renewable energy investors squeezed by higher interest rates, costs
By Isla Binnie and David French NEW YORK/HOUSTON (Reuters) – Corporations and investors have been pouring money into renewable energy projects, seeing an opportunity to grasp the Holy Grail of socially conscious…
Cathie Wood’s ARK Fund set for worst week since Sept as higher rates loom
By David Randall NEW YORK (Reuters) – Big declines in holdings including Tesla Inc and 2U Inc are leaving star stock picker Cathie Wood’s flagship ARK Innovation Fund on pace for its…
Australia’s ‘Big Four’ banks to hike home loan rates to match RBA move
(Reuters) – Australia’s so-called ‘Big Four’ banks said on Thursday they would pass on the central bank’s latest quarter-percentage point interest rate hike in full to their home loan customers. The move…
Factbox-Fed rate watch: Powell fuels bets of longer hike cycle, higher rates
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve…
Analysis-Governments could find avid buyers for record bond sales as ECB rates peak
By Stefano Rebaudo (Reuters) – Investors have rapidly revised up their expectations for euro zone interest rates, but with a peak now in sight, governments might find it much easier to allocate…
BlackRock sees ‘reasonable chance’ of Fed raising rates to 6%
By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve could raise interest rates to 6% and keep them there for an extended period of time to fight inflation, said Rick…
Jerome Powell Says Fed Is Ready To Hike Interest Rates Quicker Than Anticipated
Jerome Powell Says Fed Is Ready To Hike Interest Rates Quicker Than Anticipated Jason Cohen on March 7, 2023 Federal Reserve Chair Jerome Powell said during testimony to the Senate Banking Committee…
Factbox-Hold or hike? Latin American central banks’ wield rates to battle rising prices
MEXICO CITY (Reuters) – A stubborn surge of inflation has caused central banks worldwide to adapt monetary policy to protect people and businesses from price increases, with many raising interest rates in…
After steep climb in rates, Latam central banks show no signs of reversal
By Isabel Woodford MEXICO CITY (Reuters) – Latin American central banks have dashed hopes that they will back off sky-high benchmark interest rates, amid stubbornly high inflation, expected further tightening by the…
BOJ to keep yield cap, ultra-low rates at Kuroda’s last policy meeting
By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) is set to maintain ultra-low interest rates, including a controversial bond yield cap, on Friday as it awaits a leadership transition…
Fed’s Barkin says he could see rates at 5.5%-5.75%
PALO ALTO, California (Reuters) – Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he could envision a scenario where the central bank pushes the U.S. benchmark policy interest rate…
Bank of Canada to hold rates steady at 4.50% through this year: Reuters poll
By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will keep its key interest rate on hold at 4.50% for the rest of this year, according to economists polled by Reuters,…
Rates market overshoot – or no man’s land? :Mike Dolan
By Mike Dolan LONDON (Reuters) -If skittish markets are just testing the extremes of possible central bank outcomes, policymakers who have bemoaned investor complacency for months may soon have to talk them…
RBA to lift rates to 3.60% on March 7, finish at 3.85% in Q2: Reuters Poll
By Sujith Pai BENGALURU (Reuters) – The Reserve Bank of Australia will hike its interest rate again by 25 basis points to 3.60% on Tuesday, followed by one more lift next quarter,…
Bank of Canada to hold rates steady in 2023, budget watchdog says
By Ismail Shakil OTTAWA (Reuters) – The Bank of Canada will hold its key policy rate at the current level of 4.5% until the end of this year and will start cutting…
U.S. home prices to fall 4.5% in 2023 despite higher rates: Reuters poll
By Indradip Ghosh and Prerana Bhat BENGALURU (Reuters) – U.S. home prices are forecast to decline modestly this year and by less than previously thought as demand has declined only slightly despite…
American Buyers ‘Retreat’ As High Mortgage Rates Strangle Housing Market
American Buyers ‘Retreat’ As High Mortgage Rates Strangle Housing Market John Hugh DeMastri on March 1, 2023 Surging mortgage rates pushed home buyers out of the market and sent volume for new…
Indonesia central bank: U.S. rates may rise further; stance on local rates stays
JAKARTA (Reuters) – Bank Indonesia Governor Perry Warjiyo said on Thursday the Federal Reserve may continue raising U.S. interest rates until June, but while the monetary tightening would strengthen the dollar his…
ECB’s top three shareholders chart different paths for rates
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank’s top three shareholders charted different paths for interest rates on Wednesday, in a preview of the difficult debate awaiting…
Higher inflation risks to give Russia no room to cut rates this year: Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – The Bank of Russia will not find room to cut interest rates in 2023 as increased budget spending has raised inflation risks, a…
Bundesbank posts first loss in over four decades as higher rates bite
FRANKFURT (Reuters) – Germany’s Bundesbank recorded its first loss in over four decades last year as a string of European Central Bank rate hikes reduced the value of its bond holdings and…
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